The correct answer is option 3- No effect.
IMPACT OF DEMONETISATION
| 1. |
Money/Interest rates |
i. Decline in cash transactions
ii. Bank deposits increased
iii. Increase in financial savings |
| 2. |
Private wealth |
Declined since some high demonetised notes were
not returned and real estate prices fell |
| 3. |
Public sector wealth |
No effect |
| 4. |
Digitisation |
Digital transactions amongst new users (RuPay/AEPS) increased |
| 5. |
Real estate |
Prices declined |
| 6. |
Tax collection |
Rise in income tax collection because of increased disclosure |
|
